*Money printing in U.S., Japan piles pressure on euro. LONDON/ FRANKFURT, April 16- Many of the factors driving the euro exchange rate to levels that have set off alarm. bells at the European Central Bank are unlikely to go away on.» Read More
With S&P stalling at 1105, Guy Adami fears what was once support becomes resistance.
The argument is widely heard in Europe and elsewhere: If only Greece and other struggling euro-zone countries could let their currency depreciate, as other collapsing economies have done when hit by debt crises – in Asia and Latin America, for example.
Caught between a populace resistant to more austerity measures and investors demanding budget cuts and more flexible labor markets, the Spanish government is finding it increasingly difficult to keep a grip on power.
Stocks opened higher on Wednesday after seeing a selloff in the prior session. Alec Young, equity strategist at Standard & Poor’s and David Kelly, chief market strategist at JPMorgan Funds discussed their market outlooks.
Canada raised its key overnight lending rate .25% to .50% Tuesday despite the world-wide caution over the trend in global economic affairs.
Investors are playing the markets carefully during these volatile conditions but stocks will resume their way up once the wave of international bad news subsides, Robert Doll, BlackRock vice chairman, told CNBC Wednesday.
The euro is set to plummet toward its lowest level since the single currency appeared on traders' screens back in 1999, Mark Sturdy, director at Seven Days Ahead, told CNBC Wednesday.
As the rest of the world speculates which bank/country/continent will require another bailout, Canada serves as a “shining” example on how to escape the debt spiral, Jim O’Neill, chief economist at Goldman Sachs, told CNBC on Tuesday.
Just how much the US economy will expand this year and next remains a question among economists—with the wild card being the impact of European turmoil on US growth.
The economic problems in Europe have will have little effect on the United States, said Alan "Ace" Greenberg, former CEO and chairman of the board of Bear Stearns.
The dollar’s strength – or better said, the Euro’s weakness – has been so precipitous that it could jeopardize the ability of the U.S. to improve its own trade deficit.
It is noteworthy that the BP oil explosion occurred on April 20. Three days later, on April 23, the market peaked. Is this is a coincidence? Or is Mr. Market telling us something that we do not yet fathom?
The developing theme is that China and others are experiencing slower growth due to the slowdown in Europe. With that theme, there are articles circulating about the drop in commodity prices signaling a global slowdown.
The European Central Bank may have shocked the markets with its prediction that bank losses are likely to increase in the near-term, but other economists believe the worst is behind us, and that governments have the power to force banks to lend.
The euro will drop even further against the dollar because Europe's problems will not be easy to solve, Dennis Gartman, author of "the Gartman Letter," told CNBC Tuesday.
If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.
Latvia was one of the first European countries to introduce austerity measures almost two years ago as a condition of tapping the International Monetary Fund for emergency funding.
Wall Street may finally shift its focus back to the U.S. economy, after weeks of zeroing in on problems in the euro zone. The big report of the week? Friday's May employment number, which could be a game-changer.
The euro fell sharply against the U.S. dollar Friday after Fitch downgraded Spain's credit rating. Which way will it go next? Boris Schlossberg, director of currency research at GFT Forex, discussed his outlook.